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Actionable news in LVLT: LEVEL 3 COMMUNICATIONS INC,

CenturyLink: Will New Execs Care as Much About High Dividend?

After assessing the looming risks facing wireline telecom company CenturyLink ( CTL), the analyst team at Cowen decided to keep its neutral rating.

The analyst team lead by Gregory Williams says in a Wednesday report:

All in, uncertainties still remain w/ fraud allegations, finding a bottom on the CTL business, and likely guidance cut on the 2Q17 print, keeping us on the sidelines.

They are now assuming CenturyLink's merger with Level 3 Communications ( LVLT) will close by October 1 and think changes in the...


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